LNG

Kosmos Energy, the US-based oil and gas development company and shareholder in the BP-led Senegal-Mauritania floating LNG production project offshore West Africa, swung to a third-quarter profit from a previous loss as it advanced with Atlantic-Margin projects in Africa and the Gulf of Mexico.

Norwegian energy company Equinor said it would write down the book value of its Tanzania LNG project in East Africa on the company’s balance sheet by US$982 million.